BIR Ruling

June 3, 1976 Mr. Alejandro O. Romasanta Guinobatan, Albay S i r : In reply to your letter dated March 4, 1976, I have the honor to inform you that your monthly GSIS pension of P131.43 as a retired government employee is not subject to income tax. You are also exempt from the filing of the income tax return if your only income consists of the said pension. However, you are required to file an income tax return, if you derived any other income from any source of at least P1,800.00 for the taxable year or you fall under any of the following categories regardless of whether you derive any income or not: "(A) Is an official or employee of the government or has a contract with the Government of the Republic of the Philippines, or any of its agencies or instrumentalities, including government-owned or controlled corporations, regardless of the nature of his appointment or duration of his employment; "(B) Is a professional as defined herein below; "(C) Is a registered or beneficial owner or mortgagee of any real property; "(D) Is a registered or beneficial owner, or mortgagee of any motor vehicle; "(E) Is a registered or beneficial owner, or mortgagee of any share of stock or security of a corporation, or any interest in a firm or partnership; "(F) Has travelled abroad, except children below eighteen years of age; "(G) Has filed a certificate of candidacy for any public office except barrio officials and municipal councilors; "(H) Is engaged in trade or commerce." (Section 45(a)(3), Tax Code). Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3